Why do I have to pay up front when it comes to conveyancing in Bromley?

If you are buying a property in Bromley your lawyer will request that you to provide them with monies to cover the search fees. This will be the total of the cost of the Local Authority Search. When the down payment is as part of the sale price then this should be asked for immediately ahead of exchange of contracts. Any further balance that is due will be payable a few days prior to the day of completion.

There is lots of information on this site about conveyancing in Bromley but can you isolate your top tip for selecting the right conveyancer in Bromley

We would encourage you not to go for the cheapest Bromley conveyancing costs illustration. You really do get what you pay for when it comes to conveyancing solicitors. A cheap quote may mean that the conveyancing solicitor is handling a lot of jobs at one time and you won’t get the quality of service and the attention that you need. It is, however, wise to use a conveyancer who has a fixed fee on a no sale, no fee basis. This way, you go into the conveyancing with your eyes wide open.

Is it the case that all Bromley conveyancing solicitors on the Barclays conveyancing panel are overseen by the SRA?

As a firm of solicitors, in order to be on the Barclays conveyancing panel they would need to be governed by the Solicitors Regulatory Authority. Many banks do allow licenced conveyancers on their panel in which case such organisation would be overseen by the CLC.

Two weeks ago we had a mortgage agreed in principle with Coventry BS. Bromley conveyancing solicitors have been selected. How long does it take for Coventry BS to send the offer to the lawyer?

Some lenders take longer than others. Have Coventry BS done the valuation? Have you informed Coventry BS as to your lawyers' details and checked that your lawyers are on the Coventry BS conveyancing panel? It is not unusual for a mortgage offer to take a month to come through.

About to purchase a new build apartment in Bromley. Conveyancing is necessary evil at the best of times but I have never purchased a new build flat before. What sort of enquires would be asked in new build legal work.

Here is a sample of a selection of leasehold new build enquiries that you should expect your new-build leasehold conveyancing in Bromley

If there are lifts in the building, please confirm that the owners of flats on the ground and basement floors will not be required to contribute towards the cost of maintenance and renewal. Where there is an Undertaking being granted there is the risk of forfeiture of the Headlease subject to relief if one or more of the Underlessees are willing to accept the original Head Lessee’s obligations as otherwise relief will be denied to the Underlessees. The only alternatives are the Head Lessor agreeing not to forfeit the Headlease or the Head Lessee guaranteeing to the Underlessees that it will not be in breach of the Headlease. Forfeiture - bankruptcy or liquidation must not apply under this provision. Will control of the Management Company (if any) be handed over to purchasers on completion of the last sale or earlier? Please provide evidence that the form of Lease proposed has been approved by the Land Registry.

What does commercial conveyancing in Bromley cover?

Commercial conveyancing in Bromley covers a wide range of services, given by qualified solicitors, relating to business premises. By way of example, this area of conveyancing can cover the sale or purchase of freehold business premises or, more commonly, the transfer of existing business tenancies or the drafting of new leasing arrangements. Commercial conveyancing solicitors can also offer advice on the sale of business assets, commercial mortgages and the termination of tenancies.

I have just started marketing my garden apartment in Bromley.Conveyancing solicitors are to be appointed soon however I have just had a half-yearly service charge invoice – Do I pay up?

The sensible thing to do is clear the maintenance contribution as normal as all rents and service payments will be allottedon completion, so you will be reimbursed by the buyer for the period running from after the completion date to the next payment date. Most managing agents will not acknowledge the buyer until the service charges have been paid and are up to date so it is important for both buyer and seller for the seller to show that they are up to date. Having a clear account will assist your cause and will leave you no worse off financially